NHPC Q4 Net Profit Surges to ₹14.6 Billion as Board Approves ₹2,000 Crore Bond Fundraising Plan

NHPC Limited reported strong financial performance for the fourth quarter of FY26, with consolidated net profit rising sharply year on year to ₹14.6 billion.

The company also announced plans to raise up to ₹2,000 crore through AI Series Bonds as part of its borrowing program for FY27. Alongside the results, the Board recommended a final dividend of ₹0.21 per equity share.

The audited financial results were approved during the Board meeting held on May 15, 2026, following review by the Audit Committee. NHPC also uploaded its investor presentation covering standalone and consolidated audited financial results on its official website.

The latest results highlight improved profitability and operational growth for the state-run hydropower company amid continued focus on energy infrastructure expansion and financing initiatives.

NHPC Reports Strong Q4 FY26 Financial Performance

NHPC delivered robust year on year growth in revenue and profitability during Q4 FY26.

Consolidated net profit rose significantly from ₹8.54 billion in the same quarter last year to ₹14.6 billion during the current quarter.

Revenue also increased strongly, supported by improved operational performance.

NHPC Q4 FY26 Financial Snapshot

Metric	Q4 FY26	Q4 FY25
Consolidated Net Profit	₹14.6 Billion	₹8.54 Billion
Revenue	₹28.2 Billion	₹23.47 Billion
EBITDA	₹12 Billion	₹10.9 Billion
EBITDA Margin	42.44%	46.46%

The company’s EBITDA increased year on year, although EBITDA margins moderated due to a relatively faster increase in revenue compared to operating earnings.

Board Recommends Final Dividend for FY26

NHPC’s Board of Directors recommended a final dividend of ₹0.21 per equity share for FY26.

The final dividend represents 2.10% of the face value of ₹10 per share and remains subject to shareholder approval during the upcoming Annual General Meeting.

NHPC FY26 Dividend Details

Dividend Type	Amount
Final Dividend	₹0.21 per share
Interim Dividend	₹1.40 per share
Total FY26 Dividend	₹1.61 per share

The final dividend is in addition to the interim dividend already paid in February 2026.

The company stated that dividend payment, if approved, will be completed within the statutory timeline prescribed under the Companies Act, 2013.

NHPC Approves ₹2,000 Crore Bond Fundraising Plan

One of the key announcements alongside the financial results was NHPC’s plan to raise up to ₹2,000 crore through bond issuance during FY27.

The Board reviewed the Key Information Document related to the fundraising proposal.

Key Bond Fundraising Details

Parameter	Details
Fundraising Amount	Up to ₹2,000 Crore
Instrument Type	AI Series Bonds
Bond Structure	Listed, Unsecured, Non-Convertible
Nature	Redeemable & Taxable
Fundraising Mode	Private Placement
Timeline	FY 2026–27

The proposed bonds are non-cumulative and non-convertible instruments intended to support the company’s borrowing and capital requirements.

Importance of Bond Financing for Infrastructure Companies

Power and infrastructure companies frequently use bond markets to raise long-term capital for operational expansion, project execution, and refinancing requirements.

Bond fundraising allows companies to:

• Raise long-term capital
• Diversify funding sources
• Support infrastructure development
• Manage liquidity requirements
• Finance expansion projects

For companies in the power sector, access to debt markets remains important because energy infrastructure projects often require substantial long-term investments.

NHPC’s Role in India’s Power Sector

NHPC is one of India’s major public sector hydropower companies and operates under the Ministry of Power.

The company is involved in:

• Hydropower generation
• Renewable energy development
• Hydroelectric project execution
• Power infrastructure operations

Hydropower remains an important part of India’s clean energy and renewable power mix.

NHPC has also been expanding its focus toward broader renewable energy opportunities alongside traditional hydropower operations.

Auditors Issue Unmodified Opinion

The company stated that the Joint Statutory Auditors issued an unmodified opinion on the audited annual financial results for FY26.

NHPC also confirmed:

• No outstanding defaults on loans or debt securities as of March 31, 2026
• No deviation in the use of proceeds from non-convertible securities during the quarter

These disclosures indicate compliance with SEBI Listing Obligations and Disclosure Requirements regulations.

Investor Presentation Uploaded on Company Website

Following the Board meeting and approval of results, NHPC uploaded an investor presentation on its official website.

The presentation includes:

• Standalone financial results
• Consolidated financial results
• Quarterly performance highlights
• Annual operational updates

Investor presentations help institutional and retail investors understand company performance, financial trends, and strategic developments.

Why Investors Track NHPC Closely

NHPC remains closely watched by investors because of its role in India’s renewable energy and power infrastructure sector.

Key factors influencing investor interest include:

• Hydropower generation growth
• Renewable energy expansion
• Dividend payouts
• Government infrastructure spending
• Bond fundraising plans
• Operational efficiency improvements

Public sector power companies also attract attention due to their role in India’s long-term energy transition strategy.

Conclusion

NHPC reported strong Q4 FY26 financial performance with consolidated net profit rising sharply to ₹14.6 billion alongside healthy revenue growth.

The company also announced a ₹2,000 crore bond fundraising plan and recommended a final dividend of ₹0.21 per share for FY26.

With ongoing focus on renewable energy infrastructure, hydropower development, and long-term capital planning, NHPC continues playing an important role in India’s power and clean energy sector.

What was NHPC’s consolidated net profit in Q4 FY26?

NHPC Limited reported consolidated net profit of ₹14.6 billion during Q4 FY26 compared to ₹8.54 billion in the same quarter last year.

How much revenue did NHPC report in Q4 FY26?

NHPC reported revenue of ₹28.2 billion during Q4 FY26, up from ₹23.47 billion year on year.

What was NHPC’s EBITDA in Q4 FY26?

The company reported EBITDA of ₹12 billion during the quarter compared to ₹10.9 billion in Q4 FY25.

What dividend did NHPC announce for FY26?

NHPC recommended a final dividend of ₹0.21 per equity share for FY26 in addition to the interim dividend of ₹1.40 per share already paid in February 2026.

What is NHPC’s total dividend for FY26?

The total dividend for FY26 stands at ₹1.61 per equity share, including interim and final dividends.

What fundraising plan did NHPC approve?

The Board approved plans to raise up to ₹2,000 crore through private placement of AI Series Bonds during FY 2026–27.

What type of bonds will NHPC issue?

The proposed bonds are listed, unsecured, non-cumulative, non-convertible, redeemable, and taxable AI Series Bonds.

Did NHPC receive an unmodified audit opinion?

Yes, the Joint Statutory Auditors issued an unmodified opinion on NHPC’s audited financial results for FY26.

Did NHPC report any default on loans or debt securities?

No, NHPC confirmed there were no outstanding defaults on loans or debt securities as of March 31, 2026.

What business does NHPC operate in?

NHPC operates in the hydropower and renewable energy sector and is one of India’s major public sector power generation companies.